Stamp Duty Calculator WA

First-home buyers in Western Australia receive stamp-duty exemptions, primarily to promote affordable homeownership, stimulate economic growth, and support buyers facing financial challenges.

As a first-home buyer in Western Australia, you get a stamp-duty exemption if the value of the property is $450,000 or less or if the value of the vacant land is $300,000 or less.

The exemption and concession are different if you’re a first-home buyer purchasing vacant land.

First-home buyers can also get a $10,000 grant to buy or build a new residential property.

You might also avoid transfer fees in the following situations:

• Spousal transfer
• Charitable transactions
• Family farm transactions

In Western Australia, the responsibility for paying stamp duty falls on the property buyer, whether an individual or a business, or anyone who acquires the asset, even as a gift, unless an exemption applies. It's important to remember that stamp duty is an additional expense that you should consider alongside the property's purchase price, conveyancing fees, and insurance costs.

On the plus side, most lenders allow borrowers to increase their home loan principal to cover stamp duty, though this will lead to higher loan repayments. If you're using a conveyancer for the purchase, they may handle the paperwork and submit the payment to the revenue office on your behalf.

In Western Australia, stamp duty must be paid within 30 days of the issuance of the duties assessment notice, with penalties applicable for late payments. Your conveyancer is required to submit an application for the duties assessment notice to the local revenue office within two months of settlement.

In Western Australia, you can pay stamp duty using various methods, including direct deposit, cheque, credit card, and other common payment options. Typically, RevenueWA or the state's Department of Finance will send a notice to the address of the purchased property or via email. This notice outlines key details such as the total stamp duty amount payable, a breakdown of how the tax was calculated, any applicable concessions or exemptions, available payment methods, the due date, and information on late payment penalties or charges. It also includes reference details for the notice and payment. Ensuring timely payment is crucial to avoid penalties.

Stamp-duty rates vary across Australia, with some states imposing higher charges than others. Additionally, first-home buyer benefits differ depending on the state or territory, as many offer special incentives for purchasing newly built properties.

To understand how much stamp duty you may need to pay and whether you qualify for any concessions, you can consult your mortgage broker or explore the links below for detailed information on stamp-duty rates and benefits in your chosen location:

• NSW stamp duty
• VIC stamp duty
• QLD stamp duty
• ACT stamp duty
• SA stamp duty
• TAS stamp duty
• NT stamp duty